Altria
The company said it would record a $62 million charge in the fourth quarter related to legal judgments against it from two cases in Oregon, along with $57 million in interest.
Altria also said it expects the recent bankruptcy filing of American Airlines to have a negative impact on its fourth-quarter results.
C&F Financial
President and chief executive Larry Dillon exercised options for 3,500 shares at $19.05 each or about $66,000. He then sold a portion of those shares at market price for about $68,000.
CFO Thomas Cherry exercised options for 2,200 shares at $19.05 each or $41,000. He then sold the shares for about $23 each or about $50,000.
Community Bankers Trust
Director Glenn Dozier acquired 7,500 shares for $1.05 each. He now owns 55,000 shares.
General counsel John Oakey acquired 5,000 shares for $1.10 per share.
Director John Watkins acquired 10,000 at $1.05. He now owns more than 64,000 shares of the Essex Bank parent’s stock.
Dominion
William Barr, a director, acquired 979 shares for $51.03, or $49,950. Barr owns more than 15,000 shares of Dominion stock.
Franklin Financial
The parent company of Franklin Federal Savings Bank reported its earnings for the quarter and year ending Sept. 30. Profit for the quarter was $936,000, compared with a loss of $4.3 million in the same period a year ago. Profit for the year was. The company’s non-performing assets grew to $50.8 million, up from $46.2 million at the end of the previous quarter. Its total assets at the end of the period were $1.09 billion, up from $971 million a year earlier. It had total loans of $478.4 million, up about $1 million. And its deposit base also grew about a $1 million to $648 million.
Markel
Vice Chairman Anthony Markel sold 71 shares for $401.10 each or a total of $28,000. The shares were held in a trust in the names of his children.
MeadWestvaco
Wendell Willkie, MWV’s general counsel, exercised options for 30,000 shares at $9.08 per share or $272,000. He then sold the shares at market value for $30 each for $900,000. Willkie still owns more than 47,000 shares.
Universal Corp.
Chairman and chief executive George Freeman exercised options for 5,000 shares at $36.03 per share or $180,000. He then sold 4,309 shares for $47.38 each or $204,000. He still owns more than 93,000 shares.
Xenith Bankshares
Brian Jones, a director, purchased 5,000 shares for approximately $17,000.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].
Altria
The company said it would record a $62 million charge in the fourth quarter related to legal judgments against it from two cases in Oregon, along with $57 million in interest.
Altria also said it expects the recent bankruptcy filing of American Airlines to have a negative impact on its fourth-quarter results.
C&F Financial
President and chief executive Larry Dillon exercised options for 3,500 shares at $19.05 each or about $66,000. He then sold a portion of those shares at market price for about $68,000.
CFO Thomas Cherry exercised options for 2,200 shares at $19.05 each or $41,000. He then sold the shares for about $23 each or about $50,000.
Community Bankers Trust
Director Glenn Dozier acquired 7,500 shares for $1.05 each. He now owns 55,000 shares.
General counsel John Oakey acquired 5,000 shares for $1.10 per share.
Director John Watkins acquired 10,000 at $1.05. He now owns more than 64,000 shares of the Essex Bank parent’s stock.
Dominion
William Barr, a director, acquired 979 shares for $51.03, or $49,950. Barr owns more than 15,000 shares of Dominion stock.
Franklin Financial
The parent company of Franklin Federal Savings Bank reported its earnings for the quarter and year ending Sept. 30. Profit for the quarter was $936,000, compared with a loss of $4.3 million in the same period a year ago. Profit for the year was. The company’s non-performing assets grew to $50.8 million, up from $46.2 million at the end of the previous quarter. Its total assets at the end of the period were $1.09 billion, up from $971 million a year earlier. It had total loans of $478.4 million, up about $1 million. And its deposit base also grew about a $1 million to $648 million.
Markel
Vice Chairman Anthony Markel sold 71 shares for $401.10 each or a total of $28,000. The shares were held in a trust in the names of his children.
MeadWestvaco
Wendell Willkie, MWV’s general counsel, exercised options for 30,000 shares at $9.08 per share or $272,000. He then sold the shares at market value for $30 each for $900,000. Willkie still owns more than 47,000 shares.
Universal Corp.
Chairman and chief executive George Freeman exercised options for 5,000 shares at $36.03 per share or $180,000. He then sold 4,309 shares for $47.38 each or $204,000. He still owns more than 93,000 shares.
Xenith Bankshares
Brian Jones, a director, purchased 5,000 shares for approximately $17,000.
Michael Schwartz is a BizSense reporter. Please send news tips to [email protected].